Chat groups on Bloomberg terminals off limits for Citi traders

Citigroup announced plans to move its traders away from Bloomberg terminal chat groups and onto an internal service, a move intended to increase security and decrease costs. Although Bloomberg has come under scrutiny for possibly violating the privacy of its terminal users, Citi said that did not precipitate the decision. "This move has been in the works for some time and is unrelated to recent issues," Citi said.